David Schwartz Acquires Development Site In Rego Park, Queens For $13.1M

A development site located at 92-54 Queens Boulevard in Rego Park, Queens has been sold for a price of $13,100,000. The property, which has a total square footage (BSF) of 48,320, is situated in a market known for its development opportunities. The sale was completed on November 3, 2021. The buyer of the site is David Schwartz, while the seller is Peter Chen. Representing the seller in the transaction was Stephen R. Preuss Sr.

Summary of transaction details

• Property Type: Development Site 🏗
• Transaction Amount: $13,100,000
• Address: 92-54 Queens Boulevard
• Market: Rego Park, Queens

The involvement of David Schwartz as the buyer highlights his interest in acquiring development opportunities in the Rego Park area. On the other hand, Peter Chen, the seller, made the decision to part ways with the development site. Stephen R. Preuss Sr. acted as the seller's representative in the transaction, facilitating the successful sale.